Post by
QUANTUMJUMP on Mar 24, 2017 12:58pm
Not likely
Even with a healthier balance sheet, it may still be too early for Ashkenazi to go on an acquisition spree. Amaya’s long-term outstanding debt at the end of 2016 was $2.5 billion, and its net debt to earnings ratio stood at 4.4,
Comment by
SunsetGrill on Mar 24, 2017 1:04pm
Quant. - I know its kind of laughable isnt it - its how it got into trouble and as it lifts its head up they want to take on more. Exact same reason why NYX has dirt valuation - too many acquisitions. Something like say maybe Valent, Concordia (an other sector but still) DEBT Kills and the market dont like it - but CEO's cant help themselves